AWF vs LSBK: Correlation
Alliancebernstein Global High Income Fund (AWF) and Lake Shore Bancorp, Inc. (LSBK) show a moderate relationship: their 3-year correlation of weekly returns is 0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AWF and LSBK?
On 3 years of weekly data the AWF/LSBK correlation comes out at 0.39, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.20 versus 0.39 over 3 years. The 5-year figure is 0.32, and annualized covariance runs at 84.9 %².
Among the 18 assets we track against AWF, LSBK sits near the bottom by co-movement, at rank #15. Correlation aside, the last 12 months split them widely, with LSBK ahead by 35.9 points (-2.6% versus +33.3%). Note the risk asymmetry: LSBK runs 2.3 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
AWF vs LSBK: side by side
| AWF (Alliancebernstein Global High Income Fund) | LSBK (Lake Shore Bancorp, Inc.) | |
|---|---|---|
| 1-year return | -2.6% | +33.3% |
| 5-year return | +21.4% | +80.0% |
| Volatility (ann.) | 9.7% | 22.5% |
| Beta vs S&P 500 | 0.42 | 0.37 |
| Max drawdown (3Y) | -11.1% | -15.8% |
| Market cap | $0.9B | $0.1B |
| P/E (trailing) | 13.6 | 15.1 |
| Dividend yield | 7.26% | 2.09% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AWF | LSBK |
|---|---|---|
| 2022 | -16.6% | -15.0% |
| 2023 | +18.4% | -3.0% |
| 2024 | +14.4% | +22.4% |
| 2025 | +7.6% | +48.2% |
| 2026 | -0.0% | +19.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AWF and LSBK good diversifiers for each other?
Reasonably. At 0.39, AWF and LSBK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AWF and LSBK?
Using weekly returns as of 2026-08-27: 0.39 over 3 years, with 0.20 over the last year and 0.32 over 5 years.
Is LSBK a good diversifier for AWF?
Reasonably. At 0.39, AWF and LSBK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 mean?
On the −1 to +1 scale, 0.39 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/awf-vs-lsbk.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/awf-vs-lsbk/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AWF correlations · LSBK correlations
